Marc Brown - May 31, 2021 Form 4 Insider Report for Zovio Inc (ZVO)

Signature
/s/ Diane L. Thompson, as Attorney-in-Fact
Stock symbol
ZVO
Transactions as of
May 31, 2021
Transactions value $
$0
Form type
4
Date filed
6/2/2021, 09:26 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZVO Restricted Stock Unit Award $0 +27.1K $0.00 27.1K May 31, 2021 Common Stock 27.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
F2 Subject to the reporting person's continuing service, the restricted stock units vest as follows: (i) 1/3rd of the restricted stock units vest on the first anniversary of the vesting commencement date, and (ii) an additional 1/3rd of the restricted stock units shall vest on each subsequent anniversary of the vesting commencement date. The vesting commencement date for the restricted stock units is March 29, 2021.